Of 203 insurance executives recently surveyed, 67 percent are currently addressing core systems modernization, and 54 percent said the best practice for managing core systems modernization is to find a trusted partner with an integrated solution platform.
SAP AG informally questioned 203 insurers at IASA’s Annual Conference earlier this month and concluded that aging legacy systems continue to be top-of-mind. As for other best practices, 23 percent of the respondents would consider preserving as much of the legacy systems as possible, and another 23 percent would prefer replacing the legacy systems with an in-house build.
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